Archive for November, 2007
« Previous EntriesRising rents hit middle class hard
Friday, November 30th, 2007Rents have increased by Rs. 500 to Rs. 5,000 owing to high income levels of employees in IT and ITES as also upgradation of city to A-1 status.
The sudden rise in house rentals in the recent times has come as a rude shock for many middle class families in the city and its suburbs.
No money for free land, GHMC tells railways
Friday, November 30th, 2007The Greater Hyderabad Municipal Corporation (GHMC) is digging into history to get the railways to part with prime land for free to widen the road from Sangeet Theatre to Tarnaka.
Households on rent build housing momentum
Friday, November 30th, 2007If shifting from rented to owned house is a key driver for demand for new housing units, three south Indian cities –– Bangalore, Chennai and Hyderabad –– emerge on top amongst the six big metros in the country.
India Inc thinks long-term, holds on to realty goldmine
Friday, November 30th, 2007India Inc is realising that it’s wiser to hold on to the goose that lays golden eggs, rather than to sell it, particularly if the price of gold is rising.
Turkish team keen on construction projects in State
Friday, November 30th, 2007A 17-member delegation from Turkey headed by the Governor of Denizli, Hasan Canopolat, has evinced interest in taking up construction projects in the country in general and State, particularly.
New rules for GHMC soon
Friday, November 30th, 2007The high-level committee drafting uniform rules for the old MCH area and surrounding municipalities has almost completed the exercise.
Over 14 lakh hectares of land in country encroached: Govt
Friday, November 30th, 2007Over 14 lakh hectares of forest area in the country has been encroached with Assam topping the list where 3,49,401 hectares of land has been illegally grabbed, the Rajya Sabha was told on Thursday.
Council nod for prepaid parking lots in city
Friday, November 30th, 2007The Greater Visakhapatnam Municipal Corporation meeting here on Friday approved a proposal to introduce intelligent parking through prepaid cards at 40 identified parking lots in the city.
Now, a real estate TV!
Thursday, November 29th, 2007After the launch of television channels on news and culture in the State, now ‘Real Estate TV’ will be on air within a week. This is already on air in some states in the country and it will be a reality in AP now, says Alliance Group Chairman Manoj Namburu while announcing on Wednesday their […]
AMD exploring alliances to set up chip plant
Thursday, November 29th, 2007The firm has already signed a technology transfer deal with SemIndia, which is setting up a fab plant near Hyderabad
VUDA bulk land auction
Thursday, November 29th, 2007VUDA has scheduled auction of bulk land plots on December 5. A total of 11 plots – 10 at Madhurawada and one at Paradesipalem – are put on auction.
Plans afoot to four-lane NHs in State
Thursday, November 29th, 2007Union Minister of State for Surface Transport Ch. Muniappa has announced a Rs 3,000 crore plan to four-lane important highways running across the State.
Starwood to Open 3 New Westins in India - Hyderabad, Pune & Culcutta
Thursday, November 29th, 2007Starwood Hotels & Resorts Worldwide Inc. said Thursday that the hotel and leisure company has agreed to manage three new Westin hotels in the cities of Hyderabad, Pune and Calcutta in India.
3i invests $101mn in Hyd-based Soma Enterprise
Thursday, November 29th, 20073i India Infrastructure Fund, an investment fund established by 3i Group Plc, a global private equity and venture capital company, has invested $101 million for a minority stake in Soma Enterprise, a Hyderabad-based engineering and construction firm.
Exclusive Brahmin colony near Hyderabad
Thursday, November 29th, 2007An enterprising NRI doctor from East Godavari district has come up with a novel idea of an all purpose and inclusive housing colony for members of the Brahmin community near Hyderabad.
IFC to help AP govt in public-private projects
Thursday, November 29th, 2007International Finance Corporation (IFC), a member of the World Bank Group, has been appointed the lead advisor to Infrastructure Corporation of Andhra Pradesh (Incap).
Bramhani Industries plans aviation varsity in Kadapa
Thursday, November 29th, 2007Bramhani Industries Limited (BIL), promoters of the integrated steel plant near Jammalamadugu in Kadapa district, have approached the Government to accord permission to establish a full-fledged aviation university on 3,600 acres of land proposed for the new airport.
GMR Infra to restart power plant in AP
Thursday, November 29th, 2007GMR Infrastructure has announced that it would commence power generation at its Vemagiri power plant at Rajahmundry in Andhra Pradesh in January 2008 for an initial period of four months.
Sport gets short-changed in city
Thursday, November 29th, 2007The Greater Hyderabad Municipal Corporation (GHMC) could be making extravagant plans to improve civic infrastructure spending crores but its record in building new sports complexes or maintaining existing ones is pathetic.
QVC Realty to invest Rs 1,500 cr to develop townships
Wednesday, November 28th, 2007In a bid to cash in on the demand for homes in and around upcoming international airports in the South, Bangalore-based realty firm QVC Realty proposes to invest around Rs 1,500 crore towards developing residential townships in Bangalore and Hyderabad.
Huda yet to start radial roads
Wednesday, November 28th, 2007The Hyderabad Urban Development Authority (Huda) is racing against time to execute the Rs 1,700-crore radial roads project to link the Outer Ring Road (ORR) with the Inner Ring Road (IRR).
Jambagh to face bulldozers
Wednesday, November 28th, 2007hops at the five-decade old fruit and flower market at Jambagh near Moazam Jahi Market will be bulldozed to pave way for the metro rail project. As many as 126 properties will get affected in the road widening.
Australian institute opens India centre
Wednesday, November 28th, 2007The George Institute for International Health (GIIH), a Sydney-based not-for-profit health research institute, has announced the launch of George Institute, India.
Alliance to build luxurious villas
Wednesday, November 28th, 2007After Tishman Speyer and Lanco, it’s now the turn of Alliance Group to enter the booming real estate market of Hyderabad. The Bangalore-based company on Wednesday announced that it is going to construct Inner Circle — based on the luxurious villas of Singapore at Shamirpet, for a total investment of Rs 150 to Rs 170 […]
GHMC denies funds
Wednesday, November 28th, 2007Greater Hyderabad Municipal Corporation (GHMC) is in no mood to spend its own money to widen the 14-km stretch of road from Erragadda to BHEL which is a National Highway.
Rural varsity by 2008
Wednesday, November 28th, 2007Rural development minister, Mr G. Chinna Reddy, on Wednesday said the government would convert Swami Ramananda Thirtha Rural Institute at into a rural university by next year.
Net manpower addition in IT muted
Wednesday, November 28th, 2007Photo Courtesy: Hindu BusinesslineÂ
Â
Net manpower addition for the top six Indian IT services companies seems muted in the two quarters ending September.
Phase II of Krishna project cleared
Wednesday, November 28th, 2007The Cabinet Committee on Economic Affairs headed by the Prime Minister has cleared the Krishna Drinking water Supply Project Phase II for a cost of Rs. 817.62 crore on Monday.
Reliance Power to get AP power project soon
Wednesday, November 28th, 2007Anil Ambani-led Reliance Power, which emerged as the lowest bidder for the 4,000 mw ultra mega power project (UMPP) at Krishnapatnam, will be awarded the contract in a few days, Power Minister Sushilkumar Shinde said today.
HPCL to spend $2.5 bn on Vizag unit expansion
Wednesday, November 28th, 2007Hindustan Petroleum Corporation plans to invest $ 2.5 billion (over Rs 9,961 crore) in expanding its Visakhapatnam refinery capacity to 16 million tonnes, the Rajya Sabha was informed today.
« Previous Entries